The Manufacturers Life Insurance Company Sells 38,498 Shares of The Home Depot, Inc. (NYSE:HD)

The Manufacturers Life Insurance Company decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 776,749 shares of the home improvement retailer’s stock after selling 38,498 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Home Depot worth $302,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bellwether Advisors LLC increased its holdings in shares of Home Depot by 4.5% in the fourth quarter. Bellwether Advisors LLC now owns 1,167 shares of the home improvement retailer’s stock worth $454,000 after buying an additional 50 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter valued at approximately $650,000. Second Half Financial Partners LLC boosted its stake in shares of Home Depot by 2.9% during the fourth quarter. Second Half Financial Partners LLC now owns 1,061 shares of the home improvement retailer’s stock valued at $413,000 after purchasing an additional 30 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Home Depot by 0.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 495,530 shares of the home improvement retailer’s stock worth $192,756,000 after buying an additional 2,279 shares during the period. Finally, Quarry LP raised its holdings in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.6 %

Shares of NYSE:HD opened at $357.62 on Monday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a market cap of $355.49 billion, a P/E ratio of 24.29, a PEG ratio of 4.03 and a beta of 1.09. The stock’s fifty day moving average price is $363.97 and its 200-day moving average price is $392.11.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $39.15 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.57%. This is an increase from Home Depot’s previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. Home Depot’s payout ratio is presently 61.66%.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Hsbc Global Res upgraded shares of Home Depot from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Truist Financial lowered their price target on Home Depot from $437.00 to $391.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Guggenheim restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, February 26th. Finally, Gordon Haskett cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $434.08.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.